Which Country Imports the Most Prepared Additives For Mineral Oils in the World?

Other Household –°hemicals May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Global lubricant additives imports totaled 5.7M tonnes in 2016, stabilizing at the previous year level. In general, lubricant additives imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when import increased by 5% from the previous year level. Over the period under review, global lubricant additives imports reached its maximum volume in 2016, and are likely to see steady growth in the near future.

In value terms, lubricant additives imports stood at $14B in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports value increased at an average annual rate of +0.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, lubricant additives imports decreased by -2.4% against its level of 2014. Global lubricant additives import peaked of $14B in 2014; however, from 2015 to 2016, it failed to regain its strength.

Top Lubricant Additives Importing Countries in the World

1. China (1,114.0 million USD)

2. Singapore (875.0 million USD)

3. Germany (833.8 million USD)

4. Belgium (761.7 million USD)

5. France (608.1 million USD)

6. USA (605.3 million USD)

7. South Korea (555.0 million USD)

8. Japan (479.8 million USD)

9. Italy (479.8 million USD)

10. Netherlands (398.8 million USD)

11. Canada (383.9 million USD)

Lubricant Additives Imports By Country

The imports of the three major importers of lubricant additives, namely the U.S., France, and Singapore, represented more than third of total import. Italy (310K tonnes) occupied a 5% share (based on tonnes) of global lubricant additives imports, which put it in second place, following China (5%), Germany (5%), and Belgium (5%). The following importers - Japan (130K tonnes), the Netherlands (127K tonnes), South Korea (125K tonnes), and Canada (97K tonnes) occupied approx. 8% of total imports, each.

From 2007 to 2016, the most notable growth rate of lubricant additives imports, among the main importing countries, was attained by China (+6.8% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest lubricant additives markets worldwide were China ($1.1B), Singapore ($875M) and Germany ($834M), with a combined 21% share of global imports.

China (+9.5% per year) recorded the highest growth rate of lubricant additives imports, among the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Lubricant Additives Import Prices By Country

The average lubricant additives import price stood at $2,396 per tonne in 2016, increasing by 5% against the previous year. Over the period from 2007 to 2016 it increased at an average annual rate of +4.9%.The most prominent rate of growth was recorded in 2008, an increase of 22% against the previous year level. Over the period under review, average lubricant additives import price reached its maximum level of $2,483 per tonne in 2014; however, from 2015 to 2016, it failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was South Korea ($4,436 per tonne), while the U.S. ($627 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of lubricant additives import prices was attained by Germany (+12.4% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global lubricant additives market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • lubricant additives market share
  • lubricant additives prices
  • lubricant additives industry
  • lubricant additives sales
  • lubricant additives import
  • lubricant additives export
  • lubricant additives market forecast
  • lubricant additives price forecast
  • key lubricant additives producers

All data provided in this article covers the following product: HS Code 3811 - Anti-knock preparations, oxidation and gum inhibitors, viscosity improvers, anti-corrosive preparations and the like, for mineral oils (including gasoline) or other liquids used for the same purposes.

Source: World: Prepared Additives For Mineral Oils - Market Report. Analysis and Forecast to 2025